25
Our fiscal year ended September 30th and we are in the middle of our audit and don't want to close the year until all adjusting entries are made. I need to have a detail report for a Balance Sheet account for the new fiscal year but the beginning balance did not carry over. Does the year end have to be closed in order for the Balance Sheet accounts display the beginning balances?
Thank you!
Jennifer C.
Hi Jennifer,
Part of the year-end closing process is the BBF operation which updates your opening balance for the new FY.. so yes, it has to be done if you want those to show up.
Here is a full direction set of the year-end closing my Microsoft:
support.microsoft.com/.../year-end-closing-procedures-for-general-ledger-in-microsoft-dynamics-g
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
290,570
Super User 2024 Season 2
#2
Martin Dráb
228,683
Most Valuable Professional
#3
nmaenpaa
101,148
Share
Report
All responses (
Answers (